Arab Today, arab today global slowdown fears overshadow air show
Last Updated : GMT 07:58:19
Arab Today, arab today
Arab Today, arab today

Global slowdown fears overshadow air show

Arab Today, arab today

Arab Today, arab today Global slowdown fears overshadow air show

A worker cleans model aircraft at Changi exhibition center in Singapore
Singapore - Arab Today

Aerospace leaders gathering for this week’s Singapore Airshow face conflicting pressures as they juggle growing concerns over jetliner demand while keeping record production plans on track.
Worries about the effects of a faltering global economy and tensions in the South China Sea overshadow the two-yearly event in Singapore, which is both a major commercial travel hub and home to Southeast Asia’s most potent and best-trained air force.
For now, airline traffic continues to grow rapidly, spurred by continued growth in Asian household incomes, while airline profits also benefit from low oil prices.
But as aerospace industry shares fall in step with tumbling global markets, analysts increasingly question the durability of an aerospace expansion cycle now in an unprecedented eighth year.
After a lacklustre show in Dubai in November, the industry’s expo bandwagon rolls into the crucial Southeast Asian region without the carnival atmosphere of previous years.
“All the thoughts that this is no longer a cyclical industry have disappeared. We are due for a down-cycle,” said aerospace consultant Jerrold Lundquist, managing director of The Lundquist Group.
“(But) I don’t think there will be any impact in the next 18-24 months. It is when you get beyond 24 months that you might see some softening.”
Southeast Asia is one of the industry’s major drivers and has placed record orders in recent years, leading to speculation of overcapacity. Some carriers, including Philippine Airlines, are expected to acquire new aircraft this week.
But rather than counting up new orders, analysts say investors’ main concern this week will be to check for signs of waning travel or jetliner demand and whether an overloaded supply chain is in danger of breaking as manufacturers work to turn a record backlog of orders into a smooth flow of deliveries.
“We will be keeping a close eye on traffic this year to see if we can detect emerging signs of weakness,” said Rob Morris, head of consultancy at UK-based Flightglobal Ascend.
Doubts over economic conditions have not stopped Airbus and Boeing pursuing a battle of wits over new designs.
Airbus, anxious to close the gap between its new 369-seat A350-1000 and the 406-seat Boeing 777X, is seeking an influential champion such as Singapore Airlines for a potential bigger version of its A350 series, industry sources said.
Boeing has said it will decide soon on a potential new “mid-market” jet with about 240 seats to retrieve lost market share for relatively small jets — a project that could lead to a small twin-aisle jet with an unusual, oval-shaped cross-section.
Industry experts will scour comments out of Singapore from both manufacturers for clues to what products they intend to launch ahead of July’s premier aviation event at Farnborough, southwest of London, coinciding with Boeing’s centenary.
Defense remains at the forefront of the Singapore show, amid growing tensions over Chinese maritime and territorial claims that compete with those of several Southeast Asian nations.
A number of regional states are looking into ways to beef up their fighter fleets and to boost their intelligence gathering, surveillance and reconnaissance capability.
Intense competition to provide maritime surveillance equipment may also characterise the event, along with a significant presence of Western and Asian unmanned aircraft.
At a pre-show gathering on Monday, airline executives will debate the economy, threats to airliner safety from drones, and efforts to cut jet emissions after the Paris climate summit
Source: Arab News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today global slowdown fears overshadow air show Arab Today, arab today global slowdown fears overshadow air show

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today global slowdown fears overshadow air show Arab Today, arab today global slowdown fears overshadow air show

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel sees benefits in independent Kurdistan: experts

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan: experts
Arab Today, arab today Equifax executives step down

GMT 16:16 2017 Saturday ,16 September

Equifax executives step down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Renault-Nissan to launch

GMT 10:44 2017 Saturday ,16 September

Renault-Nissan to launch
Arab Today, arab today Eman Al Assy receives three offers

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers
Arab Today, arab today 5,000 'Dieselgate' deaths in Europe per year

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 11:10 2017 Friday ,15 September

Fadl Shaker retreats from surrendering himself

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 15:49 2017 Friday ,15 September

'Severe' Typhoon Doksuri pounds Vietnam

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday